Awww… first dates. They’re a mixed bag—you never quite know what you’re going to get. One day, sparks fly and you feel like you’re on the cusp of a whirlwind fairy-tale romance. On another day, you feel your heading for disaster.
When you buy a coffee machine or dishwasher, or even a car, reading the user's manual is a great idea to make the most of all the features.
When you invest in a CRM platform, your strategy is your user's manual. It ensures that the technology delivers on its intended purpose, leveraging customer and prospect data to achieve business outcomes. It helps you align multiple customer-facing teams to use one platform, maintaining a centralized database across your sales organization.
Think of any company in the world. What type of company is Tesla? And Apple? What about Spotify?
Most likely, you can use basic firmographics to describe those companies. You know their industry, their location, and probably, have a rough idea of their number of employees and revenue. That's good enough... or is it?
In today's world, basic firmographic data doesn’t often reflect clear differences in needs or current situation. This is the reason why modern salespeople are increasingly relying on other data points when defining their ideal customer profile and focusing on sales prospecting.
Firmographics, a type of company information, has significant value to salespeople who target companies in a specific industry or a chosen size-range as it allows them to quickly filter promising prospects out of a longer list of potential customers. However, firmographic data doesn’t reveal enough details about a company's organization and current situation to help you find those hidden gems you should go after right now.
In this article, we’ll go through what firmographic data is, when it’s useful during sales prospecting and when it simply doesn’t provide you as a salesperson with enough information to help you distinguish a rock-solid prospect from a mediocre one.
No matter how good your product or service is, it won’t always be the right fit for every potential customer. That's why lead qualification is such an important step in the sales process. By qualifying your leads, you are able to figure out which companies your organization would create the most value for. This allows you to focus your sales efforts on the companies that are the most likely to benefit from your solution. Simple enough, right?
Here's the thing: Lead qualification takes time, and time is a scarce resource. To avoid unnecessarily wasting time on vetting potential customers, you could automate the lead qualification process. That’s what we do here at Vainu, and we have affectionately dubbed it the Vainu Method™ for lead qualification.
To maximize your sales potential, the leads that are the most likely to buy have to be a priority. The Vainu Method will take you through the lead qualification process, inform you how to automate its most time-consuming steps, and explain why you shouldn’t be afraid to disqualify a lead that’s not worth your time.
What was a terrible lead yesterday, is a solid opportunity today. What happened?!
Businesses change. All the time. Subtle shifts, like the hire of a senior-level employee, or earth-shattering changes, like a merger or a funding round, create a window of opportunity. The types of changes that lead to a sales opportunity are commonly known as trigger events.
Trigger events are your sixth sense in sales prospecting, but how can you distinguish between meaningful company changes that create new sales opportunities and noise? How do you turn data into actionable insight?
That's a good question. The trick is to figure out what happened at a company right before they booked a meeting with you, requested a demo, or became your customer. Tune into the right channels and detect relevant company changes and you’ll contact a prospect when they need it most.
Here’s how you create a simple dashboard to visualize the most effective trigger events. You'll only need a spreadsheet and trigger event data feeding into your CRM.
🚨 We've included a handy template to help you get started.
It may be stating the obvious, but data is an indispensable component of a modern, successful sales team. Data-driven sales pros can avoid pursuing bad-fit prospects, and at the same time, identify new opportunities that would otherwise go unnoticed.
It’s also obvious to say there’s no shortage of information on pretty much any company in the world today. In theory, any. B2B sales organization is flooding with data. Their databases are filled with data on companies and customers. But.. is this really true? Is your CRM filled with relevant data? Do your salespeople have easy access to the data most relevant to them? And, are you sure that the data they’re acting on is accurate and up to date?
Go to Amazon, and you’ll see a long list of personalized websites with recommendations just for you. Open the Netflix app, and you’ll find suggestions for your next binge based on your previous viewing activity. When you walk into a store, a good salesperson will personalize your experience by asking you questions and getting to know you. Now, go to your average B2B website, and you’ll read a dull, unimaginative, generic marketing message. See something wrong there?
Many things have changed this year. The pandemic has forced many sales organizations to rethink their strategies, tactics, and goals. Now that you’re busy setting goals for the new year, it’s a good time to go back to basics and ensure your foundation is solid for the months to come.
In this article, we’re going through the essential elements you should review and always keep updated to succeed in real-time sales and marketing. Plus, consider these B2B sales trends to stay ahead of the game.